Federal action could boost stocks says market pro
Gloisten of Glore Forgan Staats Inc NYSE argues government moves slow inflation and that margins cut from 80 to 65 percent signal policy shift. He notes Nixon’s stock buying stance and urges readers to consider high grade securities, inviting questions to a Scottsdale Arizona address.
MENTIONED IN THIS ARTICLE
Gloisten
Glore Forgan Staats Inc
New York Stock Exchange
Washington
Nixon
P.O. Box
Scottsdale, Ariz
Kennecott Sets Q1 1970 Earnings Record
Kennecott reports first quarter 1970 earnings of 56.8 million dollars or 1.71 a share, a record high. The gain follows a prior 1969 Q3 record of 46.5 million or 1.41 a share. A 65 cent dividend was declared, up 5 cents from 1969. Total dividends since 1915 exceed 2 billion, president Frank R. Milliken said. Factors include high copper prices, strong copper and coal demand, and El Teniente dividends.
MENTIONED IN THIS ARTICLE
Kennecott
Frank R. Milliken
el Teniente Mining Co
United States
London Metal Exchange
Inland Capital formed to merge Cochise College Park and Curran-Morton
Inland Capital Corporation based in the Grant Building Scottsdale will oversee mergers of Cochise College Park and Curran-Morton Advertising. Richard P. Curran serves as president of Inland Capital and Cochise College Park, while William Steuer becomes Cochise College Park chairman. The firm employs 191 people with over eight million dollars in annual gross volume. Cochise College Park owns 6000 acres near Douglas with lakes and future developments, plus Deco Pipe and a Douglas Payson earth-moving operation. Curran-Morton, Phoenix based for a decade, recently expanded to Denver and will shift headquarters to Scottsdale to focus on Scottsdale Mesa Tempe accounts.
MENTIONED IN THIS ARTICLE
Scottsdale
Inland Capital Corporation
Grant Building
E. Stetson Dr
Inland Capital
Cochise College Park, Inc
Curran-Morton Advertising, Inc
Richard P. Curran
Cochise College Park
Curran-Morton
William Steuer
Douglas
Cochise
Deco Pipe Co. of
Payson
California
Curran-Morton Advertising
Arizona
Phoenix
Denver
Mesa
Tempe
Curran
Allied Van Lines Tops Moving Industry Revenue in 1969
Allied Van Lines Inc based in Broadview Illinois set records in 1969 for consolidated operating revenue and total shipments. The company reported operating revenues of 168 714128 dollars an increase of 9 percent from 1968.
MENTIONED IN THIS ARTICLE
Allied van Lines, ‘Inc. Vy
Consolidated
Allied
Broadview
Man Correctly Estimates Pennies in Bank Dome
C Webb Crockett of 2302 North 81st Way won thanks to a precise guess during Valley National Bank open house at Scottsdale and Oak. He estimated the pennies in a plastic dome and missed by 19 cents. bank manager Byron Alldredge awarded a cashier's check for 110 dollars and 69 cents.
MENTIONED IN THIS ARTICLE
C. Webb Crockett
N. 81St Way
New Valley National Bank
Scottsdale and Oak
Crockett
Byron Alldredge
Arizona Economy Slows, Sideways Through April
The Monthly Business Survey by the Purchasing Management Association of Arizona shows a continued moderating growth rate in April. Prices rose, delivery times lengthened due to truckers strikes, and inventories expanded with 34 percent reporting higher stocks and 26 percent reducing them.
MENTIONED IN THIS ARTICLE
Purchasing Management Association of Arizona
Arizona
Harold Fearon
College of Business Administration
Arizona_State University
Wall Street Sees Limited Decline and Bear Market Risks
Wall Street advisers say the recent market drop is overdone after an 84 year rise and that excesses have been liquidated. The Business and Investment Service notes no indication of a new 1929 style crash, despite some economists' warnings. It calls loose credit in a bear market a possible step to wider participation, with potential future rate reductions possibly triggering bull moves, though rallies may prompt nervous investors to dump questionable holdings.
MENTIONED IN THIS ARTICLE
New ‘York
UPI
Wall’ Street
Business and Investment Service
Philips
Appéel
Walden
Alexander—Hamilton—Institute
New firm Recreation Leisurely reports first-half profit
Recreation Leisurely Inc with offices at 138 E Hackamore Trail reports net income of 324 387 or 0 49 per share for the first six months ending March 31. The firm develops recreational residential and commercial properties and shows gross profit on sales of 1 494 887 with land sales totaling 2 447 776 and land cost of 952 889. Formed in March 1969 and offered to the public in January 1970 663 600 shares outstanding as of March 31.
MENTIONED IN THIS ARTICLE
Recreation Leisurely, Inc
E. Hackamore Trail
A. A. McCollum
Recreation Leisurely
Escrow Officers Named by Arizona Title Trust
Mrs Mary Lee Berry and William T Cockrill named escrow officers by Arizona Title Insurance and Trust Company. Berry will serve at the firm's newest branch at 10245A N Scottsdale Rd and Cockrill at the office location.
MENTIONED IN THIS ARTICLE
Mary Lee Berry
William T. Cockrill
Arizona Title Insurance and Trust Company
Local Officers Named And A Hospital Finance Leader Elected
Officers named include 611N Old Scottsdale Rd and Mrs. Berry a 13 year title industry veteran with both title and escrow roles. Cockrill brings real estate sales and escrow experience. L H Woodruff of 8720 E Edwards Dr is controller for St Luke's Hospital Medical Center and was elected to the national board of directors of the Hospital Financial Management Association.
MENTIONED IN THIS ARTICLE
Old
Scottsdale Rd
Berry
Cockrill
L. H. Woodruff
Datawest Awarded Contract for System Interfaces
Datawest Corporation of Scottsdale has received a contract from Mark Computer Systems Inc of New York to supply digital interface units that connect the IBM360 to the Data General Super Nova. The initial phase covers three systems at $20 000 with a potential $50 000 additional contract over 12 months, a figure that could rise per Datawest spokesmen.
MENTIONED IN THIS ARTICLE
Datawest Corporation
Scottsdale
Mark Computer Systems, Inc
New York
Super-Nova Computer
Datawest
Mark Computer
Also Mentioned on This Page
Motorola
GED
Stanley D. Goldberg
SBA
Gene R. Powers
Purchasing Administrative Service
Philip C. Wright
Scottsdale Daily Progress
Dow-Jones Industrials
Fray
N.Y. Stock Exchange
Dean Wilter & Co. Incorporated Research Department
E. Indian School Rd
Scottsdale, Arizona
Jatrex
Woodruff
Wall St. Charter
Natural Resources “Fund, Inc
Natural Resources Fund, Inc
Dick Buckley
Central Ave
Continental ‘National “Bank
North Central
Paradise Valley
Mayor Coun
E. Earll
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